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Mr. Kolochuk has 20 years of experience in the Canadian oil and gas industry,

holding roles in land, business development, acquisitions and divestitures, and

management. He was a co-founder of Cardinal Energy Ltd. and played a

significant role in acquiring over $800 million of high quality oil and gas assets,

ultimately building a large, publicly traded, dividend paying entity with a market

capitalization of nearly $1 billion at its peak.

Mr. Swainson has 10 years of public company accounting, finance, and capital

markets experience. He began his career with a large international accounting

firm and subsequently moved into the oil and gas industry, where he spent the

majority of his career. Mr. Swainson was most recently the Chief Financial

Officer and Corporate Secretary of a high growth Montney focused

exploration and production company, which grew to a market capitalization of

approximately $400 million at its peak.

Mrs. Johnson-Ouellette has 20 years of experience in regulatory and

compliance, project execution, and business process management. She spent

most of her career in the oil and gas industry, creating value predominantly

with start-up companies. Thereafter, she transitioned into the cannabis space

in late 2015, working as Manager of Operations for Sundial Growers, where

her responsibilities included the preparation of the Health Canada expansion

submission for Olds, Alberta.

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Mr. Steer has spent much of the last 25 years constructing and operating

critical environments, buildings, and other facilities. He brings to the team an

extensive background in steam and power engineering, HVAC, electrical and

mechanical systems, distributed energy systems, construction, and operations.

Mr. Steer previously held the position of Chief Technology Officer at Sponsor

Energy, and prior thereto, the position of Senior Director, Operations at

Shaw Communications.

Mr. El-Araj has over eight years of experience in accounting and finance. He

began his career at Nexen Inc., where he articled for his Chartered

Accountant designation and performed roles related to external reporting, oil

sands finance, and internal audit and controls. He subsequently moved to

Imperial Oil Ltd., where he executed roles related to capital budgeting,

internal and external reporting and accounting policy. Mr. El-Araj was most

recently an Associate at Raymond James Ltd., where he gained valuable capital

markets experience in an equity research role. Mr. El-Araj is currently a CFA

level II candidate.

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Ms. Minhas has over nine years of experience within the food and beverage

production industry, including production, Quality Assurance, Quality Control,

supervision and management. She has extensive experience in auditing and out

of specification investigations, Canadian Food Inspection Agency inspections,

root cause analysis and corrective actions implementation. She has a firm

understanding of Global British Retail Consortium Standards, the Food Safety

Modernization Act, Hazard Analysis and Critical Control Points, Good

Manufacturing Practices and Good Production Practices.

Mr. Scott is an experienced Access to Cannabis for Medical Purposes

Regulations (“ACMPR”) medical cannabis grower. Mr. Scott has extensive

experience with aeroponics, hydroponics and soil growing mediums, the

selection and development of top-tier genetics, the production of organic

cannabis, and ACMPR level quality assurance mandates.

Ms. Tuveson has an extensive background in computer programming and is

proficient in mastering new software and computer systems. She has a wealth

of IT knowledge, profound attention to detail and is an excellent mentor.

Ms. Reynolds has extensive experience in office management, human

resources, investor relations, and design. Ms. Reynolds assists the executive

team with numerous mandates, and manages all office related activities, human

resources, and IT services. Ms. Reynolds is currently in charge of the

development of SugarBud’s new website, which will be published in the coming

weeks.

Mr. Wilson was Chief Executive Officer of the Company from March 2010 to

April 2018. Prior thereto, he was President and Chief Executive Officer of

Alexander Energy Ltd. Mr. Wilson brings to the Company extensive

governance, oil and gas, start-up and transaction experience.

Mr. Macdonald brings over 40 years of deal making, financing and capital

markets experience, including specialization in embryonic corporate

opportunities in both the public and private marketplaces. He has coordinated

investments in over sixty start-ups since 2001, reporting on quarterly financials

to a prominent Toronto family office. He has extensive experience with

publicly listed companies and has been involved in four TSX-V recapitalizations

in the last five years, and two IPO filings on the CSE. Since June 1995, Mr.

Macdonald has served as the President of Bilmac Resources Ltd., an oil and gas

consulting firm specializing in start-up financings. He currently serves on the

Boards of Inner Spirit Holdings (CSE), Target Capital (TSX-V/CSE) and

SugarBud Craft Growers (TSX-V), all of which are engaged in cannabis related

projects.

Mr. Dietrich has decades of technical experience and in-depth knowledge of

cannabis flower and hashish production, extraction, breeding and genetics. Mr.

Dietrich holds a Health Canada ACMPR cannabis production license. Mr.

Dietrich holds a B.Sc. Degree, a post-graduate teaching certification, an MBA

in finance and marketing from Kellogg and Wharton, and a certificate in

cannabis plant production and facility management through Kwantlyn

University. Mr. Dietrich has been a Director of Concrest Corporation Ltd.

since 1985, and in 2011 co-founded S.E. Asia-based precious metals mining

exploration company Locrian Resources Inc., where he currently sits on the

Board. Mr. Dietrich joined cannabis LP applicant Grunewahl Organics Inc. in

2017, where he is Chief Executive Officer and Director, and recently joined

Flower Capital Advisory Corp. in 2018 as a cannabis consultant and Director.

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9

AB 8

BC 25

ON 65

QC 9

MB 2

SK 4

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11

1 245 8 18

VEG

VEG

VEG

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Phase (#)Layers of Flowering

Canopy (#)Flowering Canopy

(Square Feet)Estimated Capital Cost

(Millions)

Estimated Annual Dried Cannabis Flower Production (Kgs)

1 3 ~27,000 ~$15.3 ~9,000

2 3 ~43,200 ~$19.6 ~14,200

Total N/A ~70,200 ~$34.9 ~23,200

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